Power Solutions International Target of Unusually High Options Trading (NASDAQ:PSIX)

Power Solutions International, Inc. (NASDAQ:PSIX) saw unusually large options trading activity on Tuesday. Stock traders acquired 2,425 call options on the stock. This represents an increase of 143% compared to the average volume of 998 call options.

Power Solutions International Stock Performance

PSIX traded up $1.17 during trading on Tuesday, hitting $41.66. The stock had a trading volume of 101,139 shares, compared to its average volume of 593,641. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.57 and a quick ratio of 1.49. The company has a 50 day moving average price of $35.07 and a 200-day moving average price of $50.23. Power Solutions International has a one year low of $25.28 and a one year high of $119.70. The firm has a market cap of $961.14 million, a price-to-earnings ratio of 14.10 and a beta of 2.11.

Power Solutions International (NASDAQ:PSIX) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.78 earnings per share for the quarter. Power Solutions International had a return on equity of 37.73% and a net margin of 10.03%.The firm had revenue of $152.54 million for the quarter.

Analyst Ratings Changes

PSIX has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Power Solutions International from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, July 24th. Freedom Capital raised Power Solutions International from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $99.95.

Institutional Trading of Power Solutions International

A number of institutional investors have recently bought and sold shares of PSIX. Newtyn Management LLC bought a new position in Power Solutions International during the 2nd quarter worth $23,369,000. Vanguard Group Inc. lifted its position in shares of Power Solutions International by 38.9% during the 3rd quarter. Vanguard Group Inc. now owns 502,381 shares of the company’s stock valued at $49,344,000 after acquiring an additional 140,743 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Power Solutions International by 5.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 466,204 shares of the company’s stock valued at $28,382,000 after acquiring an additional 23,108 shares during the period. Situational Awareness LP acquired a new stake in shares of Power Solutions International during the 4th quarter worth $24,702,000. Finally, California State Teachers Retirement System grew its holdings in shares of Power Solutions International by 4,236.2% during the 2nd quarter. California State Teachers Retirement System now owns 378,944 shares of the company’s stock worth $14,737,000 after purchasing an additional 370,205 shares in the last quarter. Institutional investors own 22.28% of the company’s stock.

About Power Solutions International

Power Solutions International, Inc is a global designer and manufacturer of integrated powertrain solutions for commercial vehicle, industrial and military applications. Headquartered in Wood Dale, Illinois, the company develops and assembles advanced diesel engine and transmission packages under the Atlas® brand, combining proprietary engine technology with high-efficiency transmissions to deliver power-dense systems. These solutions are tailored for medium- and heavy-duty trucks, buses, construction equipment, generator sets and specialty vehicles.

In addition to complete powertrain systems, the company offers a broad range of component products including diesel engines, transmissions and aftertreatment modules.